Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Thematic (Sector/Industry)

<ul>
<li>China considers launching a stock stabilization fund which could release RmB800B in liquidity support for the market.  Securities firms and insurance companies will be the major beneficiaries.</li>
<li>The mega merger between  <a href="https://www.smartkarma.com/entities/haitong-securities-co-ltd-h" target="_blank" data-smartkarma-citation="entities:5665:1" rel="noopener">Haitong Securities Co Ltd (H) (6837 HK)</a> and <a href="https://www.smartkarma.com/entities/guotai-junan-securities-co-ltd-5dfaf2c5-76d3-4f34-a77d-118787fd7091" target="_blank" data-smartkarma-citation="entities:23752:1" rel="noopener">Guotai Junan Securities (2611 HK)</a> could be the precursor to further industry consolidation.</li>
<li>Hong Kong trading volumes and IPO's set to surge as Beijing lifts sentiment.</li>
</ul>


China considers launching a stock stabilization fund which could release RmB800B in liquidity support for the market.  Securities firms and insurance companies will be the major beneficiaries.
The mega merger between  Haitong Securities Co Ltd (H) (6837 HK) and Guotai Junan Securities (2611 HK) could be the precursor to further industry consolidation.
Hong Kong trading volumes and IPO's set to surge as Beijing lifts sentiment.


Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Cover Story: China’s Drive to Shore Up Social Security Funds Brings a Payroll Shock In July, He Miao, an employee at a large IT outsourcing company in Shandong province, received an ultimatum: pay thousands of yuan in backdated social security contributions — including the money his employer should have contributed — or transfer to another subsidiary.</li><li>Refusal would mean he would be put on a basic monthly salary of 4,000 yuan ($593).</li><li>Analysis: China’s Offshore Trust Tax Overhaul Puts Tycoons on Notice China’s newly issued tax framework for offshore trusts ends an era of vague oversight, explicitly targeting structures long used by high-net-worth individuals to shelter global assets.</li></ul>

Cover Story: China’s Drive to Shore Up Social Security Funds Brings a Payroll Shock In July, He Miao, an employee at a large IT outsourcing company in Shandong province, received an ultimatum: pay thousands of yuan in backdated social security contributions — including the money his employer should have contributed — or transfer to another subsidiary.Refusal would mean he would be put on a basic monthly salary of 4,000 yuan ($593).Analysis: China’s Offshore Trust Tax Overhaul Puts Tycoons on Notice China’s newly issued tax framework for offshore trusts ends an era of vague oversight, explicitly targeting structures long used by high-net-worth individuals to shelter global assets.

CX Daily: China’s Drive to Shore Up Social Security Funds Brings a Payroll Shock 

<ul>
<li>Corruption / In Depth: Court sounds alarm about corruption in big tech.</li>
<li>It revealed that in the four years through 2024 the court handled 127 criminal cases involving corruption in the industry.</li>
<li>The district hosts many internet companies’ offices, both headquarters and local branches.</li>
</ul>


Corruption / In Depth: Court sounds alarm about corruption in big tech.
It revealed that in the four years through 2024 the court handled 127 criminal cases involving corruption in the industry.
The district hosts many internet companies’ offices, both headquarters and local branches.


CX Daily: Court Sounds Alarm About Corruption in Big Tech 

<ul>
<li>China State Construction International and Sinopec Engineering have short term reversal patterns indicating profit taking from recent advances.</li>
<li>China Resources Cement reverses downtrend with volume indicating some near term gains after reporting that 1st half profit was under pressure.</li>
<li>Yum China continues to show downward pressure given the increasing competition in the retail food segment, while Nongfu Spring collapses on news about the safety of its products.</li>
</ul>


China State Construction International and Sinopec Engineering have short term reversal patterns indicating profit taking from recent advances.
China Resources Cement reverses downtrend with volume indicating some near term gains after reporting that 1st half profit was under pressure.
Yum China continues to show downward pressure given the increasing competition in the retail food segment, while Nongfu Spring collapses on news about the safety of its products.


Technically Speaking: Breakouts & Breakdowns: HONG KONG (July 17)

<ul><li>Energy / Cover Story: Qinghai has an ocean of solar power, but nowhere to store it </li><li>Zhongzhi /: Troubled investment giant Zhongzhi files for bankruptcy liquidation</li><li>Everbright /: Bribery, love of calligraphy contributed to ex-Everbright chairman’s downfall</li></ul>

Energy / Cover Story: Qinghai has an ocean of solar power, but nowhere to store it Zhongzhi /: Troubled investment giant Zhongzhi files for bankruptcy liquidationEverbright /: Bribery, love of calligraphy contributed to ex-Everbright chairman’s downfall

CX Daily: Qinghai Has an Ocean of Solar Power, But Nowhere to Store It 

Hong Kong

China Everbright is a Hong Kong-based financial services company specializing in cross-border asset management and investment. It manages a diverse portfolio of private equity, venture capital, and sector-focused funds, alongside principal investments in areas such as aircraft leasing, elderly care, and AIoT. The company was founded in 1997 and is headquartered in Hong Kong.

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China Everbright (165 HK)

Hong Kong/China Brokers: TAKE THE OFFER!

The HK/China brokers: 6030, 3908, 6886, 6806, 6881, 1776, 6178, 1456, 165, and 6099 have gained between 90% and 100% since the report was published...

David Mudd

CX Daily: Court Sounds Alarm About Corruption in Big Tech

Corruption / In Depth: Court sounds alarm about corruption in big tech “Staff at internet firms can be as greedy as disgraced...

Caixin Global

Technically Speaking: Breakouts & Breakdowns: HONG KONG (July 17)

Sinopec Engineering and China State Construction have entered short term corrections while CRC has broken its downtrend in the near term. Yum...

David Mudd

CX Daily: Qinghai Has an Ocean of Solar Power, But Nowhere to Store It

Energy / Cover Story: Qinghai has an ocean of solar power, but nowhere to store it High on the Tibetan Plateau in western China’s Qinghai...

Caixin Global

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Hong Kong/China Brokers: TAKE THE OFFER!

The HK/China brokers: 6030, 3908, 6886, 6806, 6881, 1776, 6178, 1456, 165, and 6099 have gained between 90% and 100% since the report was published...

David Mudd

CX Daily: China’s Drive to Shore Up Social Security Funds Brings a Payroll Shock

TOP STORIES Cover Story: China’s Drive to Shore Up Social Security Funds Brings a Payroll Shock In July, He Miao, an employee at a large IT...

Caixin Global

CX Daily: Court Sounds Alarm About Corruption in Big Tech

Corruption / In Depth: Court sounds alarm about corruption in big tech “Staff at internet firms can be as greedy as disgraced...

Caixin Global

Technically Speaking: Breakouts & Breakdowns: HONG KONG (July 17)

Sinopec Engineering and China State Construction have entered short term corrections while CRC has broken its downtrend in the near term. Yum...

David Mudd

CX Daily: Qinghai Has an Ocean of Solar Power, But Nowhere to Store It

Energy / Cover Story: Qinghai has an ocean of solar power, but nowhere to store it High on the Tibetan Plateau in western China’s Qinghai...

Caixin Global